Perenna partners with Legal & General Mortgage Club

This collaboration means intermediaries working with Legal & General can now provide their clients access to Perenna’s distinctive long-term fixed-rate mortgages. 

Legal & General Mortgage Club’s Director, Clare Beardmore, said , 

“We pride ourselves on offering a range of mortgage solutions to our members that best suit their customers’ needs. Perenna is looking to provide certainty over customers’ monthly payments, and a range that opens up new options for borrowers.  

With recent volatility in mortgage rates, rising living costs and stubborn levels of inflation, long-term stability is something borrowers are searching for more and more. In this changing market, we believe it’s important to continue to expand our product offering and support advisers with new and innovative solutions, so they can best serve their clients. We are excited to see this innovative brand launch on our lender panel.”

Colin Bell, Chief Operating Officer and Co-founder of Perenna, highlighted the benefits for customers, noting, 

“We’re excited to be launching our range of long-term fixed rate mortgages through Legal & General Mortgage Club. Customers will be secure in the knowledge that their monthly repayments are fixed for the long-term, whilst knowing they can also change their mortgage if and when they want to, without any charges, after five years. At a time when mortgage affordability continues to be strained for first time buyers, our products will help people get a foot on the property ladder by allowing them to borrow more in a sustainable way. We believe our products will go a long way to solving some of the mortgage market’s most common issues, and our partnership with Legal & General will help us achieve that goal.” 

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Correct at time of publishing.